We Can't Default On Our Loans

[n david]

I love this! Moody's sent out a memo today refuting obama and the Spite House's claim that not raising the debt ceiling would be catastrophic and cause us to default on our loans.

” We believe the government would continue to pay interest and principal on its debt even in the event that the debt limit is not raised, leaving its creditworthiness intact,” the memo says. “The debt limit restricts government expenditures to the amount of its incoming revenues; it does not prohibit the government from servicing its debt. There is no direct connection between the debt limit (actually the exhaustion of the Treasury’s extraordinary measures to raise funds) and a default.

BOOM!

I wish the lame stream media would report the truth about this.

Source Link

[canam]

Originally Posted by n david

I love this! Moody's sent out a memo today refuting obama and the Spite House's claim that not raising the debt ceiling would be catastrophic and cause us to default on our loans.


BOOM!

I wish the lame stream media would report the truth about this.

Source Link

[deacon blues]

Originally Posted by n david

I love this! Moody's sent out a memo today refuting obama and the Spite House's claim that not raising the debt ceiling would be catastrophic and cause us to default on our loans.


BOOM!

I wish the lame stream media would report the truth about this.

Source Link

Where's Light, Dedicated Mind, et al???

Great info! Thanks for the link!

[Originalist]

Originally Posted by deacon blues

Where's Light, Dedicated Mind, et al???

Great info! Thanks for the link!

Obama at 37% approval. We are so winning this fight.

[Pressing-On]

Tuesday's show: Default hysteria.

Hour 1: What the ruling class calls a “breakthrough” is more likely the end of the line for liberty.

Constitution Weekly looks at default & debt ceiling madness with Michael Peroutka of the Institute on the Constitution.


http://stevedeace.com/headline/deace...cast-10-15-13/

Better to start at 13:21 marker.